Norway’s $1 Trillion Funds May Benefit The USA

Norway Bank Deputy Governor will submit a proposal.

Elena R August 27, 2019

Less than a minute

Norway’s $1-trillion fund is the world’s biggest sovereign wealth fund. The fund intends to expand the investment market from oil and gas. The Bank’s Deputy Governor, Egil Matsen, will present a report on Tuesday to the city’s Finance Minister stating where this wealth fund would be invested. The news claims that wealth may be shifted to the USA.

This fund is over weighted in Norway, and they speculate that the US may receive it. This will increase the USA’s stock market value. A similar process started in 2012, has benefited Norway’s fund value. Shifting the funds to Asia is also being considered.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.